Greystar Developments has completed on the sale of a 30,300 SF site at the Southeast corner of Burrard and West 12th Avenue for a purchase price of $41.1 Million.

The site at 1770 West 12th Avenue, listed and sold by Hart Buck and Jennifer Darling of Colliers was a 41-unit lowrise strata built in the 1970’s.

The site is designated in the Broadway Plan for higher density development up to 20-storeys and 6.50 FSR. The purchase price equates to $208 per buildable SF based on the 6.50 FSR density. No rezoning applications have yet been made public.

Beedie Living has submitted an application to rezone a 10-acre site that they own at 3676 Bainbridge Avenue in the Bainbridge Urban Village area of Burnaby.

The site is currently improved with older lowrise industrial buildings zoned M2 and M5 industrial.

The site became designated for mixed use residential when the Bainbridge Urban Village Community Plan was adopted by the City of Burnaby in 2022.

The preliminary application indicates that the overall development will include “a mixture of 6-storey below-market rental buildings, 6-12 storey strata buildings, and 4-storey stacked townhomes.”

Other details include:

• 1,000 – 1,100 residential units;
• 20% affordable rental units at 20% below CMHC median rents;
• a total density of 2.20 FAR (970,000 SF)
• road upgrades and new public green space.

The site has a current assessment value of $80,789,300.

This site is located near a similarly designated development site that we have just listed at 7022-7036 Greenwood Street.

Domus Homes has applied to the District of North Vancouver to redevelop three existing single-family lots in the Edgemont Village area of North Vancouver into 12 three-bedroom townhouse units.

A preliminary proposal for the 24,703 SF site at Ridgewood Drive and Brookridge was first developed in 2018, but was later shelved. A neighbouring townhouse development “Edgemont Walk” was subsequently completed in 2019.

A revised proposal for the site has now been put forward with some design changes following staff and public input.

The site is located in the Edgemont Plan area, which designates this part of Ridgewood Drive for 2.5 storeys and up to 0.8 FAR.

The updated plan for the site includes:

• 12 three-bedroom units;
• unit sizes from 1,829 SF to 2,023 SF;
• a total density of 0.8 FAR;
• 27 underground parking spaces;
• a CAC of $335,947 ($17 per SF);
• an additional $200,000 for pedestrian/traffic improvements.

The site was assembled in 2016 for $5,451,000 or $275 per buildable SF.

The architect for the project is Boldwing Continuum Architects Inc.